Japan does not expect global competition for liquefied natural gas (LNG) to end in the near future. It has been reported TASS Referring to the report of the Cabinet of Japan.
The Japanese government believes the imbalance could increase further by 2025.
“The growth in LNG production capacity will not be able to keep up with demand, global LNG supply capacity (by demand. – socialbites.ca) will decrease by about 2025, in other words, the supply and demand situation will worsen.” report says.
Therefore, Japan does not expect the global fight for LNG to end in the near future, but “by the second half of the 2020s, spot LNG prices may exceed those in long-term contracts.”
Previously recognizedThe flow of liquefied natural gas into Europe has reached a historic high. We are talking about importing more than 12 billion cubic meters of this type of fuel.